It is in major trouble. If you sell more iphones and you are still bleeding earnings, recipe for disaster.
There is no way for them to turn around their margins and the competition is fierce...hence profits will continue to slide.
What this means is no premium is deserving. No higher PE truly worth it as the iphone over time will be like the backberry as competition tries to best them.
Phone is a comodity. Hard to price it so much more than competition.
Its over for Apple at this valuation. Been one heckuva decade.
Google a much better play than Apple.
Google search with youtube with androis = current/future goldmine.